Originally Published by ADP.
Private sector employment increased by 179,000 jobs from October to November according to the November ADP National Employment Report. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
November 2018 Report Highlights*
View the ADP National Employment Report Infographic at www.adpemploymentreport.com.
Total U.S. Nonfarm Private Employment: 179,000
By Company Size
– Small businesses: 46,000
- 1-19 employees 13,000
- 20-49 employees 33,000
– Medium businesses: 119,000
- 50-499 employees 119,000
– Large businesses: 13,000
- 500-999 employees 20,000
- 1,000+ employees -7,000
– Goods-producing: 16,000
- Natural resources/mining 2,000
- Construction 10,000
- Manufacturing 4,000
– Service-providing: 163,000
- Trade/transportation/utilities 18,000
- Information -1,000
- Financial activities 8,000
- Professional/business services 59,000
– Professional/technical services 25,000
– Management of companies/enterprises 2,000
– Administrative/support services 32,000
- Education/health services 49,000
– Health care/social assistance 37,000
– Education 12,000
- Leisure/hospitality 26,000
- Other services 3,000
* Sum of components may not equal total, due to rounding.
– Franchise Employment**
- Franchise jobs 11,500
**Complete details on franchise employment can be found here.
“Although the labor market performed well, job growth decelerated slightly,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Midsized businesses added nearly 70 percent of all jobs this month. This growth points to the midsized businesses’ ability to provide stronger wages and benefits. It also suggests they could be more insulated from the global challenges large enterprises face.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Job growth is strong, but has likely peaked. This month’s report is free of significant weather effects and suggests slowing underlying job creation. With very tight labor markets, and record unfilled positions, businesses will have an increasingly tough time adding to payrolls.”
The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 411,000 U.S. clients employing nearly 24 million workers in the U.S. The October total of jobs added was revised down from 227,000 to 225,000.
To obtain additional information about the ADP National Employment Report, including additional charts, supporting data and the schedule of future release dates, or to subscribe to the monthly email alerts and RSS feeds, please visit www.adpemploymentreport.com.
The December 2018ADP National Employment Report will be released at 8:15 a.m. ET on January 3, 2019.